Management Of Frauds In Nigerian Commercial Banks

Management Of Frauds In Nigerian Commercial Banks

Abstract

The exploration is on the operation of fraud in Nigeria Commercial Banks. The main ideal of the study is to identify the causes of fraud in marketable banks. The experimenter anatomized the data collected grounded on the response from the questionnaires distributed

The major findings of the study are

1. The causes of frauds in marketable bank includes

1. Poor operation and poor security arrangement

2. shy staff training

3. The colorful types of fraud in marketable banks include

4. Loan fraud

5. Cheque fraud

6. Advance figure fraud. On the base of the below findings, the study concludes that operation of fraud in marketable banks is of the great significance and has a lot of benefit which includes given confidence to the bank guests that their plutocrat is safe, encouraging or attracting original or foreign investors. Grounded on the finding, it’s recommended that

7. Government should establish furtheranti-fraud andanti-corruption agencies to help in sanitizing the Nigerian banking system.

8. Bank ‟ s operation should employ strategies that will insure early and prompt discovery, forestallment and control of fraud in marketable banks.